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Launched

21Shares Canton Network ETF

TCANNasdaqD

$21.42+0.91 (+4.42%)

At close: Oct 13, 2026, 4:00 PM

D36/ 100

Rank 22 of 26 in Crypto Spot

D36/100Rank 22 of 26inCrypto Spot
Intraday session: up, 46 prints from 20.52 to 21.42. Range 21.25 to 22.40. Use the arrow keys to read each point.21.0022.0022.5010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$10M
1Y total return
—
Yield · Last 12 months
—
Holdings
3
Avg volume · 30D
0M sh
NAV per share
$20.46
52W range
low $15.05high $29.64
Launched

The ETF.net TCAN Grade

Based on 5 of 6 pillars

D

Score 36 out of 100

Category
Crypto Spot⁠
Rank
22 of 26
Six-pillar profile for TCAN. Scores out of 100: Cost 28, Risk 65, Mission not scored, Tradability 27, Holdings 55, Durability 32. Strongest: Risk (65). Weakest: Tradability (27). Based on 5 of 6 pillars.

Score 36 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 18 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 9 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D27 out of 100
    Rank 22 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B55 out of 100
    Rank 2 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D32 out of 100
    Rank 22 of 26

Our read on TCAN

ETF.net Research

DThe first US ETF built around Canton Coin, the utility token of a privacy-focused blockchain designed for institutional finance. One token, one wrapper, bought like any other stock.

Stated mandate

The Fund seeks returns, before fees and expenses, that correspond to Canton Coin’s price performance. It primarily invests in CC and other instruments designed to provide exposure to or returns consistent with CC.

Why people hold it

  1. 01Launched 2026 as the first US ETF offering direct exposure to Canton Coin, so no crypto exchange account or private keys to manage.globenewswire.com
  2. 02Plain mandate: at least 80% of net assets in CC and CC-linked instruments, tracking the coin's price before fees. No basket, no index detours.21shares.com
  3. 03Canton's validator and governance ranks include Goldman Sachs and Deutsche Bank, though their involvement is not an endorsement of the coin or the fund.globenewswire.com
  4. 04Runs as a 1940 Act fund, with BitGo Bank & Trust and U.S. Bank named as fund custodians rather than the issuer holding coins itself.21shares.com

Worth knowing

  1. 01Costs 0.50% a year against a 0.35% median for spot-crypto funds. Cheaper names sit in the group (XRPZ, XRP), but none of them hold Canton Coin.
  2. 02Small and thinly traded, so spreads can be wide and shares can trade at a premium or discount to NAV.21shares.com
  3. 03Single-token exposure with a short operating history and no distributions; the coin's price does all the work.cdn.21shares.com

TCAN Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
3
Top-10 weight
100%
Largest holding
Canton Coin50.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Canton Coin50.28%40,404,215$5M1
002—21shares Canton Network ETP49.38%217,497$5M3
003—Us Bank Mmda - Usbgfs 9 09/01/20370.36%35,298$35K163

Showing 1–3 of 3 holdings

TCAN Performance

Launched May 7, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
TCAN$9,119
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. TCAN $9,119. SPY $10,332. Use the arrow keys to read each point.$6,516$8,638$10,759Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TCAN. Periods over one year show the average yearly return.
PeriodTCAN
Year to dateFund launched this year—
1 month+24.1%
3 months−8.8%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TCAN
YearReturn barTCAN
2026 YTD−16.8%

Since listing, May 7, 2026

TCAN in the news

Filtered to TCAN · Crypto Spot

TCAN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

TCAN Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.73
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TCAN Cost

Expense ratio0.50%
  • The middle half of Crypto Spot funds
  • Median 0.35%

17 of the 26 Crypto Spot funds charge less.

TCAN costs $50.00 a year on $10,000. The median Crypto Spot fund costs $35.00.

Other funds in Crypto Spot

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